HUYA (NYSE:HUYA) Trading Up 6% – Should You Buy?

Shares of HUYA Inc. (NYSE:HUYA) traded up 6% during trading on Tuesday . The stock traded as high as $4.14 and last traded at $4.13. 850,499 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 1,315,901 shares. The stock had previously closed at $3.89.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered their price target on shares of HUYA from $5.90 to $5.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, HUYA presently has an average rating of “Hold” and an average price target of $5.68.

HUYA Stock Down 2.2 %

The business has a 50-day simple moving average of $3.60 and a two-hundred day simple moving average of $3.68. The stock has a market capitalization of $954.16 million, a P/E ratio of -46.83 and a beta of 0.72.

Institutional Investors Weigh In On HUYA

Several large investors have recently made changes to their positions in HUYA. WCM Investment Management LLC boosted its position in HUYA by 4,396.5% in the fourth quarter. WCM Investment Management LLC now owns 2,854,171 shares of the company’s stock valued at $8,505,000 after buying an additional 2,790,696 shares in the last quarter. FMR LLC raised its stake in shares of HUYA by 236.8% in the third quarter. FMR LLC now owns 2,391,957 shares of the company’s stock valued at $12,199,000 after acquiring an additional 1,681,800 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of HUYA by 19.7% in the 4th quarter. Bank of America Corp DE now owns 995,747 shares of the company’s stock worth $3,057,000 after acquiring an additional 164,112 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in HUYA by 66.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 758,281 shares of the company’s stock worth $2,328,000 after acquiring an additional 302,988 shares during the last quarter. Finally, Monolith Management Ltd bought a new stake in HUYA during the 4th quarter worth approximately $2,144,000. Institutional investors own 23.20% of the company’s stock.

HUYA Company Profile

HUYA Inc, together with its subsidiaries, operates game live streaming platforms in the People's Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company's live streaming content also covers other entertainment content, such as talent shows, anime, outdoor activities, live chats, and other genres.